The Energy Regulation and Markets Review - Stikeman Elliott

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Contact Details LALIVE 35 Rue de la Mairie PO Box 6569 1211 Geneva 6 Switzerland Tel: +41 22 319 8759 Fax: +41 22 319 8760 gracine@lalive.ch 2 Löwenstrasse PO Box 2779 8021 Zurich Switzerland Tel: +41 44 319 80 00 Fax: +41 44 319 80 19 www.lalive.ch LALIVE IN QATAR LLC QFC Tower 1, 8th Floor PO Box 23495 West Bay, Doha Qatar Tel: +974 4496 7247 Fax: +974 4496 7244 gracine@lalive.ch www.laliveinqatar.com Latham & Watkins AARPI 53 quai d’Orsay Paris 75007 France Tel: +33 1 4062 2000 Fax: +33 1 4062 2062 fabrice.fages@lw.com myria.saarinen@lw.com www.lw.com Latham & Watkins LLP Corso Matteotti 22 20121 Milan Italy Tel: +39 02 3046 2000 Fax: +39 02 3046 2001 simone.monesi@lw.com Maria de Molina 6, 4th floor Madrid 28006 Spain Tel: +34 91 971 5000 Fax: +34 902 882 228 antonio.morales@lw.com 555 11th Street, NW Suite 1000 Washington, DC 20004 United States Tel: +1 202 637 2200 Fax: +1 202 637 2201 michael.gergen@lw.com natasha.gianvecchio@lw.com david.schwartz@lw.com www.lw.com Makarim & Taira S Summitmas Tower I, 16-17th Floors Jalan Jendral Sudirman Kav. 61-62 Jakarta 12190 Indonesia Tel: +62 21 252 1272 Fax: +62 21 252 2750 pudji.purbo@makarim.com www.makarim.com 376
Contact Details Mannheimer Swartling PO Box 1711 111 87 Stockholm Sweden Tel: +46 8 595 06000 Fax: +46 8 595 06001 han@msa.se mgy@msa.se hak@msa.se www.mannheimerswartling.se Minter Ellison Rialto Towers, 525 Collins Street Melbourne 3000 VIC Australia Tel: +61 3 8608 2000 Fax: +61 3 8608 1000 mitzi.gilligan@minterellison.com www.minterellison.com Paksoy Attorneys at Law Sun Plaza Bilim Sok No. 5 K:14 Maslak 34398 Istanbul Turkey Tel: +90 212 366 4700 Fax: +90 212 290 2355 ztunc@paksoy.av.tr www.paksoy.av.tr PotamitisVekris Law Partnership Neofytou Vamva 9 10674 Athens Greece Tel: +30 21 0338 0000 Fax: +30 21 0338 0020 euripides.ioannou@potamitisvekris.com dimitra.rachouti@potamtisvekris.com www.potamitisvekris.com Schoenherr Attorneys at Law Tuchlauben 17 1010 Vienna Austria Tel: +43 1 534 37 0 Fax: +43 1 534 37 6100 b.rajal@schoenherr.eu g.grassl@schoenherr.eu www.schoenherr.eu Stek Herengracht 551 1017 BW Amsterdam Netherlands Tel: +31 20 530 52 00 Fax: +31 20 530 52 99 janerik.janssen@steklaw.com martha.brinkman@steklaw.com www.steklaw.com Stikeman Elliott LLP 5300 Commerce Court West 199 Bay Street, Toronto Ontario M5L 1B9 Canada Tel: +1 416 869 5500/5688 Fax: +1 416 947 0866 gzacher@stikeman.com ericherlafleche@stikeman.com bgrant@stikeman.com pduffy@stikeman.com www.stikeman.com 377
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The Energy Regulation and Markets R
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The Energy Regulation and Markets R
Page 5 and 6:
Publisher Gideon Roberton business
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Acknowledgements Minter Ellison Pak
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Contents Chapter 11 Indonesia .....
Page 11 and 12:
Editor’s Preface Safe and reliabl
Page 13 and 14:
Chapter 1 Australia Mitzi Gilligan,
Page 15 and 16:
Australia The regulator for Western
Page 17 and 18:
Australia In addition to the requir
Page 19 and 20:
Australia III TRANSMISSION/TRANSPOR
Page 21 and 22:
Australia The AER’s regulatory ap
Page 23 and 24:
Australia While there remain jurisd
Page 25 and 26:
iv Market developments Australia AE
Page 27 and 28:
Australia Australian Renewable Ener
Page 29 and 30:
Australia 2004 White Paper, ‘Secu
Page 31 and 32:
Australia Geothermal Geothermal ene
Page 33 and 34:
Australia enable the participation
Page 35 and 36:
Chapter 2 Austria Bernd Rajal and G
Page 37 and 38:
ii Regulated activities Austria Acc
Page 39 and 40:
Austria fully separated from the VI
Page 41 and 42:
Austria and supply deals can be set
Page 43 and 44:
Austria policy for the next 10 year
Page 45 and 46:
iii New Emissions Trading Act Austr
Page 47 and 48:
Brazil Alternatively, there is the
Page 49 and 50:
Brazil b c d e The Monitoring Commi
Page 51 and 52:
iii Brazil Ownership and market acc
Page 53 and 54:
Brazil connection, considering the
Page 55 and 56:
Brazil and a draft of the concessio
Page 57 and 58:
Chapter 4 Bulgaria Yassen Spassov 1
Page 59 and 60:
iii The evolving legal framework Bu
Page 61 and 62:
Bulgaria applications shall be lodg
Page 63 and 64:
Bulgaria III TRANSMISSION and DISTR
Page 65 and 66:
Bulgaria of Kozloduy NPP. In terms
Page 67 and 68:
iii Energy market rules and regulat
Page 69 and 70:
Bulgaria prices for transmission an
Page 71 and 72:
Bulgaria In terms of formation, fee
Page 73 and 74:
Bulgaria regulation is that, althou
Page 75 and 76:
Canada For purposes of expediency,
Page 77 and 78:
Canada Energy and utility commissio
Page 79 and 80:
iii Canada Ownership and market acc
Page 81 and 82:
Canada of distribution systems are
Page 83 and 84:
Canada Independent Electricity Syst
Page 85 and 86:
Canada number of provinces (includi
Page 87 and 88:
ii Energy efficiency and conservati
Page 89 and 90:
Colombia regulations include CREG R
Page 91 and 92:
Colombia d e f g establishing the m
Page 93 and 94:
Colombia of backup generating capac
Page 95 and 96:
Colombia by generators and traders
Page 97 and 98:
Colombia five projects assigned, fo
Page 99 and 100:
France and initiated the beginning
Page 101 and 102:
France (Electricity), and distribut
Page 103 and 104:
ii France Transmission/transportati
Page 105 and 106:
France CRE, regardless of the tradi
Page 107 and 108:
France draft Directive that is curr
Page 109 and 110:
Chapter 8 Germany Dirk Uwer 1 I OVE
Page 111 and 112:
Germany Commission may subsequently
Page 113 and 114:
Germany Also in consideration of th
Page 115 and 116:
Germany Moreover, the Foreign Trade
Page 117 and 118:
Germany In Germany there are no spe
Page 119 and 120:
Germany face not only technological
Page 121 and 122:
Greece In order to increase the com
Page 123 and 124:
Greece assignment of seismic and ot
Page 125 and 126:
Greece having direct or indirect co
Page 127 and 128:
Greece Apart from the wholesale mar
Page 129 and 130:
ii The feed-in tariff system Greece
Page 131 and 132:
Greece In addition to the above, pu
Page 133 and 134:
India charge of nuclear energy. The
Page 135 and 136:
India model public private partners
Page 137 and 138:
India hacking and security breaches
Page 139 and 140:
India Natural Commodity and Derivat
Page 141 and 142:
India and financial incentives. Cap
Page 143 and 144:
India VIIi CONCLUSIONS and OUTLOOK
Page 145 and 146:
Indonesia When the Asian financial
Page 147 and 148:
Indonesia c d e f g assessing first
Page 149 and 150:
Indonesia b • electrical power ge
Page 151 and 152:
Indonesia A company holding a stora
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Indonesia government turned to coal
Page 155 and 156:
Indonesia High development risk and
Page 157 and 158:
Indonesia The accelerated electrici
Page 159 and 160:
Italy Italy is the fourth importer
Page 161 and 162:
iv Italy Transfers of control and a
Page 163 and 164:
Italy The GME also operates P-Gas,
Page 165 and 166:
Italy commissioning) tariffs for pl
Page 167 and 168:
Italy White certificates White cert
Page 169 and 170:
Italy f The draft law for the parli
Page 171 and 172:
Chapter 13 Japan Reiji Takahashi, A
Page 173 and 174:
Japan ii Regulated activities Elect
Page 175 and 176:
Japan Other types of town gas busin
Page 177 and 178:
Japan Notwithstanding the foregoing
Page 179 and 180:
Japan IV ENERGY MARKETS i Japan Ele
Page 181 and 182:
Japan b c d e for contracts for sal
Page 183 and 184:
Chapter 14 Malaysia Lukman Sheriff
Page 185 and 186:
Malaysia f g h safety of electrical
Page 187 and 188:
Malaysia network, which is wholly o
Page 189 and 190:
Malaysia Any person who wants to ge
Page 191 and 192:
Chapter 15 Mexico Gonzalo A Vargas
Page 193 and 194:
Mexico Energy and Energy Transition
Page 195 and 196:
Mexico Environmental licences are n
Page 197 and 198:
Mexico to the CRE and the lack of a
Page 199 and 200:
iii Market developments Mexico It i
Page 201 and 202:
Mexico VII CONCLUSIONS and OUTLOOK
Page 203 and 204:
Netherlands the time of writing a b
Page 205 and 206:
iii Netherlands Ownership and marke
Page 207 and 208:
Netherlands IV ENERGY MARKETS i Dev
Page 209 and 210:
Netherlands committed to working to
Page 211 and 212:
Chapter 17 Nigeria Ken Etim and Ayo
Page 213 and 214:
Nigeria Power Holding Company of Ni
Page 215 and 216:
Nigeria Nigerian law also requires
Page 217 and 218:
Nigeria policy. It envisages the es
Page 219 and 220:
Nigeria of the industry. 11 The Bul
Page 221 and 222:
Nigeria in higher institutions and
Page 223 and 224:
Norway individual decisions and per
Page 225 and 226:
Norway III TRANSMISSION/TRANSPORTAT
Page 227 and 228:
Norway market organised by the Nord
Page 229 and 230:
Norway a b c The following plants a
Page 231 and 232:
Chapter 19 Russia Evgeny Danilov 1
Page 233 and 234:
Russia b c an agreement between Rus
Page 235 and 236:
Russia energy sphere are commercial
Page 237 and 238:
Russia No licence or other state pe
Page 239 and 240:
Russia sources and radioactive subs
Page 241 and 242:
Russia or property). Exercise of st
Page 243 and 244:
Russia has been approved for non-di
Page 245 and 246:
Russia The main aim is to prevent a
Page 247 and 248:
iii Contracts for sale of energy Ru
Page 249 and 250:
Chapter 20 South Africa Shamilah Gr
Page 251 and 252:
South Africa Natural gas is importe
Page 253 and 254:
South Africa b the National Energy
Page 255 and 256:
South Africa As noted above, the ma
Page 257 and 258:
South Africa prescribed thresholds.
Page 259 and 260:
South Africa Pipeline Company’).
Page 261 and 262:
South Africa This framework is subj
Page 263 and 264:
South Africa The Regulatory Agreeme
Page 265 and 266:
South Africa mentioned, current nat
Page 267 and 268:
South Africa caps) to be used durin
Page 269 and 270:
Chapter 21 Spain Antonio Morales 1
Page 271 and 272:
Spain b c d e f g plants. Depending
Page 273 and 274:
Spain model defined by the regulato
Page 275 and 276:
iii Contracts for sale of energy Sp
Page 277 and 278:
Spain Alongside this plan, some of
Page 279 and 280:
Sweden II REGULATION i The regulato
Page 281 and 282:
Sweden Transactions leading to a si
Page 283 and 284:
Sweden iii Rates The tariffs charge
Page 285 and 286:
Sweden day. The net positions of th
Page 287 and 288:
Sweden The Electricity Certificates
Page 289 and 290:
Sweden aspect that most certainly c
Page 291 and 292:
Switzerland time, certain decisions
Page 293 and 294:
Switzerland f g h universities, bus
Page 295 and 296:
Switzerland such as ENTSO-E (Europe
Page 297 and 298:
Switzerland tariff increases and th
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Switzerland Zürich (ewz) and Repow
Page 301 and 302:
Switzerland said the government lac
Page 303 and 304:
Turkey In the meantime, TEK was unb
Page 305 and 306:
iii Turkey Ownership and market acc
Page 307 and 308:
Turkey a non-discriminatory basis,
Page 309 and 310:
Turkey wind park energy (known as t
Page 311 and 312:
Turkey of a preliminary licence wit
Page 313 and 314:
Turkey Tax exemptions and grants In
Page 315 and 316:
United Arab Emirates Ministry of En
Page 317 and 318:
United Arab Emirates c issuing deci
Page 319 and 320:
United Arab Emirates h i j k l Sham
Page 321 and 322:
United Arab Emirates Abu Dhabi is s
Page 323 and 324:
United Arab Emirates The calculatio
Page 325 and 326:
United Arab Emirates Similarly, pow
Page 327 and 328:
United Arab Emirates its energy dem
Page 329 and 330:
United Arab Emirates MIST is likely
Page 331 and 332:
Chapter 26 United Kingdom Elisabeth
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United Kingdom Licences are issued
Page 335 and 336:
United Kingdom of at least 28 days.
Page 337 and 338: United Kingdom against each other.
Page 339 and 340: United Kingdom provisions relating
Page 341 and 342: United Kingdom as possible. Prices
Page 343 and 344: United Kingdom via the FiT CfD mech
Page 345 and 346: United Kingdom E.ON and RWE’s int
Page 347 and 348: United States The Nuclear Regulator
Page 349 and 350: United States entities, which led t
Page 351 and 352: United States participants to deter
Page 353 and 354: United States with their standards
Page 355 and 356: United States use of these credits
Page 357 and 358: Venezuela The modification of the o
Page 359 and 360: Venezuela intended projects and vis
Page 361 and 362: Venezuela The MEP fixes the prices
Page 363 and 364: Venezuela reserve any product at an
Page 365 and 366: Venezuela capacity. Such use is sub
Page 367 and 368: Venezuela The Mobil Cerro Negro Ltd
Page 369 and 370: Appendix 1 About the authors Masood
Page 371 and 372: About the Authors written several a
Page 373 and 374: Fabrice Fages About the Authors Lat
Page 375 and 376: About the Authors Her practice also
Page 377 and 378: Atsutoshi Maeda About the Authors A
Page 379 and 380: Christian Poulsson About the Author
Page 381 and 382: About the Authors Guilherme Guerra
Page 383 and 384: About the Authors Texas, (1991). He
Page 385 and 386: About the Authors Glenn Zacher Stik
Page 387: Contact Details Djingov, Gouginski,
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